{"id":529033,"date":"2022-10-12T12:43:30","date_gmt":"2022-10-12T07:13:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=529033"},"modified":"2022-10-12T12:43:30","modified_gmt":"2022-10-12T07:13:30","slug":"suzlon-energy-to-pare-debt-of-rs-583-5-crore-after-rights-issue","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/suzlon-energy-to-pare-debt-of-rs-583-5-crore-after-rights-issue\/","title":{"rendered":"Suzlon Energy to pare debt of Rs 583.5 crore after rights issue"},"content":{"rendered":"<p>Suzlon Energy plans to retire debt of Rs 583.5 crore and save on interest payments by using a part of the Rs 1,200 crore to be raised from the rights issue of the renewable energy solutions firm.<\/p>\n<p>The company has proposed a rights issue of 240 crore shares at an issue price of Rs 5 per share and an entitlement ratio of 5:21 (5 rights equity shares for every 21 fully paid-up equity shares).<\/p>\n<p>A total of Rs 900 crore from the rights issue, which opened on Tuesday, would be utilised for debt repayment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Suzlon Energy plans to retire debt of Rs 583.5 crore and save on interest payments by using a part of the Rs 1,200 crore to be raised from the rights issue of the renewable energy solutions firm. The company has proposed a rights issue of 240 crore shares at an issue price of Rs 5 per share and an entitlement ratio of 5:21 (5 rights equity shares for every 21 fully paid-up equity shares). A total of Rs 900 crore from the rights issue, which opened on Tuesday, would be utilised for debt repayment.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,245,148],"tags":[],"class_list":["post-529033","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/529033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=529033"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/529033\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=529033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=529033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=529033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}